"Capital in the Twenty-First Century by French economist Thomas Piketty focuses on wealth and income inequality in Europe and the United States since the 18th century.

The book's central thesis is based on wealth concentratons, distribution and thereby resulting in income inequality over a span of past 250 years. It argues that when the rate of return on capital (r) is greater than the rate of economic growth (g) over the long term, the result is , and this unequal distribution of wealth causes social and economic instability. Piconcentration of wealthketty proposes a global system of progressive wealth taxes to help reduce inequality and avoid the vast majority of wealth coming under the control of a tiny minority.

On May 18, 2014, the English edition reached number one on the New York Times Best Seller list for best selling hardcover nonfiction and became the greatest sales success ever of academic publisher Harvard University Press. As of January 2015, the book had sold 1.5 million copies in French, English, German Chinese and Spanish."

About the Author(s)

"Thomas Piketty born on 7 May 1971) is a French economist who works on wealth and income inequality. He is a professor at the École des hautes études en sciences sociales (EHESS), professor at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute.

He is the author of the best-selling ground breaking book Capital in the Twenty-First Century (2013).
"